First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw unusually-high trading volume on Tuesday . Approximately 1,470,339 shares changed hands during trading, an increase of 249% from the previous session’s volume of 421,030 shares.The stock last traded at $18.83 and had previously closed at $18.89.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.3%

The stock has a fifty day moving average of $18.91 and a 200-day moving average of $19.04.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Large investors have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% in the fourth quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock valued at $220,229,000 after buying an additional 463,049 shares during the period. LPL Financial LLC increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock worth $147,402,000 after purchasing an additional 618,781 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.1% during the fourth quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock worth $65,764,000 after acquiring an additional 70,888 shares during the period. First Trust Advisors LP raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after purchasing an additional 400,983 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock valued at $46,021,000 after acquiring an additional 172,385 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.